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Susan Wild: “Optumrx, I believe, is the PBM for UnitedHealthcare CV's, I…”

Featuring: Susan Wild, Democratic | Former U.S. House, Pennsylvania, District 7

Wild Presses Witness On Medicine Shortages: ‘Why Can PBMs Fill Scripts When Local Pharmacies Can’t?’

Published June 30, 2023 | Video Starts at 00:00

They are then advised by their insurance company that if they get their medications by mail order, they will likely be able to fill it. And indeed so Optumrx, I believe, is the PBM for UnitedHealthcare CV's, I think is affiliated with either Aetna or Cigna. And so first and foremost, and I'm going to ask you first, Mr. Baker, why is it that PBMs are able to supply medications when local pharmacies cannot? (00:00–01:30)

CLAIM

Asserts that OptumRx is the PBM for UnitedHealthcare and CVS is affiliated with either Aetna or Cigna.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Susan Wild

“There's been a lot of discussion for decades now about pharmaceutical prices generally, but recently the even more common subject of…”
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“Adderall's been written about in all the major newspapers.”
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“I just looked online, there's a list of hundreds of medications that are apparently in short supply.”
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“They find that when they go to the local pharmacy with their script and the pharmacy says, I'm sorry, we're out of that medication, we're…”
Wild Presses Witness On Medicine Shortages: ‘Why Can PBMs Fill Scripts When Local Pharmacies Can’t?’ | Uploaded June 30, 2023 | 00:00-01:30
“They are then advised by their insurance company that if they get their medications by mail order, they will likely be able to fill it.”
Wild Presses Witness On Medicine Shortages: ‘Why Can PBMs Fill Scripts When Local Pharmacies Can’t?’ | Uploaded June 30, 2023 | 00:00-01:30
“PBMs have greater purchasing power, right? And because that's because they have so many.”
Wild Presses Witness On Medicine Shortages: ‘Why Can PBMs Fill Scripts When Local Pharmacies Can’t?’ | Uploaded June 30, 2023 | 02:39-03:38
“Small, local, independent pharmacies are almost a thing of the past. I can tell you that in my district, many of them have closed.”
Wild Presses Witness On Medicine Shortages: ‘Why Can PBMs Fill Scripts When Local Pharmacies Can’t?’ | Uploaded June 30, 2023 | 02:39-03:38
“The Consolidated Appropriations act of 2021, which we passed last year, I was proud to vote for it, indicates that pharmacy benefit managers…”
Wild Presses Witness On Medicine Shortages: ‘Why Can PBMs Fill Scripts When Local Pharmacies Can’t?’ | Uploaded June 30, 2023 | 04:10-04:48
“Do you believe that PBMs provide plan fiduciaries, meaning somebody within the employer with enough information to ensure that the…”
Wild Presses Witness On Medicine Shortages: ‘Why Can PBMs Fill Scripts When Local Pharmacies Can’t?’ | Uploaded June 30, 2023 | 04:10-04:48